Monthly has formed a head and shoulders pattern and is completing the right shoulder. The weekly flag formation broke out and has re-tested the weekly resistance zone. The daily time frame has formed a massive bearish engulfing candles and the 200 & 50 exponential moving averages have crossed. Every time frame is showing weakness for this pair and I forecast it to fall much lower.
Good luck traders!
Chart PatternsMultiple Time Frame AnalysisTrend Analysis

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